Global Food Preservatives Market size was valued at $2.5 billion in 2020 and is projected to reach $3.8 billion by 2027, growing at a CAGR of 5.5% during the forecast period from 2021 to 2027.
The increasing demand for convenience foods, packaged foods, and ready-to-eat meals, along with the growing awareness among consumers about the benefits of using preservatives in food products, are driving the growth of the food preservatives market. Additionally, the increasing concerns related to food safety and the need to increase the shelf life of food products are also contributing to the growth of this market.
Get a Free Sample Copy of a Research Report:https://analyticsmarketresearch.com/sample-request/food-preservatives-market/22235/
The food preservatives market is a rapidly growing industry that is driven by the increasing demand for longer shelf life and the need to maintain food quality and safety. Food preservatives are used to prevent spoilage, deterioration, and microbial growth in food products, ensuring their safety for consumption. The market for food preservatives can be segmented based on type, application, and region.
In 2021, Label Insights Conventional had the highest revenue share of more than 65.0%. Conventional food preservatives are employed alone or in conjunction with other methods of preservation. Antioxidants, which function as oxygen absorbers, and antimicrobial preservatives, which limit the growth of fungus and bacteria, are the most common conventional preservatives.
Product recalls are on the rise in the United States and other countries as a result of multiple outbreaks, including E. coli and salmonella illnesses. Similarly, the recent contamination of ice cream with coronavirus (SARS-CoV-2) in China in January 2021 has prompted consumers to be extra cautious when selecting food goods and, as a result, product labelling. The market is divided into two categories based on labelling: clean labels and conventional labels.
The most commonly used types of food preservatives include natural preservatives, chemical preservatives, and antioxidant preservatives. Natural preservatives are derived from natural sources, such as salt, sugar, vinegar, and citrus extracts. Chemical preservatives are synthetic substances, such as sodium benzoate, potassium sorbate, and calcium propionate. Antioxidant preservatives are used to prevent the oxidation of fats and oils, and include ascorbic acid, tocopherols, and butylated hydroxy anisole.
Food preservatives find applications in various food products, including bakery and confectionery, meat, poultry, and seafood, dairy products, beverages, and others. Among these, the bakery and confectionery segment is the largest market for food preservatives. The market for food preservatives is also driven by the increasing demand for convenience foods and ready-to-eat meals, which require longer shelf life and safety from microbial growth. The Asia Pacific region is the largest market for food preservatives, followed by North America and Europe.
Market Segmentation:
By Type
- Natural Preservatives
- Synthetic Preservatives
By Function
- Antimicrobials
- Antioxidants
- Others (Enzyme Inhibitors, pH Control Agents, etc.)
By Application
- Beverages
- Bakery & Confectionery
- Dairy & Frozen Products
- Meat, Poultry & Seafood Products
- Oils & Fats
Key Player:
- Cargill, Incorporated
- Kerry Group plc
- DuPont de Nemours, Inc.
- Tate & Lyle PLC
- Kemin Industries, Inc.
- Corbion N.V.
- Chr. Hansen Holding A/S
- BASF SE
- Galactic S.A.
Regional Analysis:
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Food Preservatives market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Purchase Report: – https://analyticsmarketresearch.com/purchase/food-preservatives-market/22235/?license=single
Reasons to Purchase this Report:
- Provision of market value (USD Billion) data for each segment and sub-segment.
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.
- Provides insight into the market through Value Chain.
- Market dynamics scenario, along with growth opportunities of the market in the years to come.
- 6-month post-sales analyst support.
Key Points:
- Define, describe and forecasts Food Preservatives market by type, application, end user and region.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide enterprise external environment analysis and PEST analysis.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
Get the Detail Information:https://analyticsmarketresearch.com/reports/food-preservatives-market/22235/
About US:
Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep- rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
Contact US:
Analytics Market Research
99 WALL STREET, #2124 NEW YORK, NY 10005
Phone: +1(650)-666-4592
Email: sales@analyticsmarketresearch.com
Web: https://analyticsmarketresearch.com/
